Bank Failure
The First Nat BK & TR Co. of Oklahoma
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Closed July 14, 1986 · Oklahoma City, OK · FDIC Cert #4164.
- Closing date
- July 14, 1986
- Headquarters
- Oklahoma City, OK
- FDIC Certificate
- 4164
- Total assets (last filing before closing)
- $1.75B
- Total deposits (last filing before closing)
- $1.30B
- Estimated loss to the insurance fund
- $220.7M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- First Intrst BK Ok CTY N
Context
On July 14, 1986, regulators closed The First Nat BK & TR Co. of Oklahoma, headquartered in Oklahoma City, OK. At closing, the institution held approximately $1.75B in assets and $1.30B in deposits. The FDIC record names First Intrst BK Ok CTY N as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $220.7M.
By total assets in its last filing before closing, this is the 128th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 162 in 1986. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing, in nominal dollars, and can differ from the balance on the closing day.
Common questions
When did The First Nat BK & TR Co. of Oklahoma fail?
The First Nat BK & TR Co. of Oklahoma was closed by regulators on July 14, 1986.
Who acquired The First Nat BK & TR Co. of Oklahoma?
The FDIC record names First Intrst BK Ok CTY N as the acquiring institution in the resolution of The First Nat BK & TR Co. of Oklahoma.
How big was The First Nat BK & TR Co. of Oklahoma when it failed?
The First Nat BK & TR Co. of Oklahoma had approximately $1.75B in total assets and $1.30B in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
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